Vinva Investment Management Ltd Purchases 696 Shares of Kimberly-Clark Co. (NYSE:KMB)

Vinva Investment Management Ltd grew its position in Kimberly-Clark Co. (NYSE:KMB) by 4.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,744 shares of the company’s stock after buying an additional 696 shares during the quarter. Vinva Investment Management Ltd’s holdings in Kimberly-Clark were worth $2,244,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Kimberly-Clark by 0.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,712,258 shares of the company’s stock valued at $385,900,000 after purchasing an additional 20,953 shares during the period. Public Sector Pension Investment Board raised its stake in Kimberly-Clark by 1,615.9% in the third quarter. Public Sector Pension Investment Board now owns 221,828 shares of the company’s stock worth $31,562,000 after buying an additional 208,900 shares in the last quarter. CreativeOne Wealth LLC lifted its holdings in Kimberly-Clark by 42.9% during the third quarter. CreativeOne Wealth LLC now owns 14,128 shares of the company’s stock worth $2,010,000 after buying an additional 4,243 shares during the period. Blueshift Asset Management LLC purchased a new position in shares of Kimberly-Clark in the 3rd quarter valued at $1,557,000. Finally, Glenmede Trust Co. NA raised its position in shares of Kimberly-Clark by 32.8% in the 3rd quarter. Glenmede Trust Co. NA now owns 63,517 shares of the company’s stock worth $9,037,000 after acquiring an additional 15,693 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. UBS Group cut their target price on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Barclays raised their target price on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their price objective on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research note on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $149.93.

Kimberly-Clark Stock Up 0.1 %

NYSE:KMB opened at $139.37 on Friday. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The company’s fifty day moving average price is $138.49 and its 200-day moving average price is $139.24. Kimberly-Clark Co. has a 1-year low of $117.67 and a 1-year high of $149.30. The firm has a market capitalization of $46.48 billion, a P/E ratio of 18.08, a PEG ratio of 2.92 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.14. The company had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the firm earned $1.74 EPS. As a group, equities research analysts anticipate that Kimberly-Clark Co. will post 7.27 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend is Friday, December 6th. Kimberly-Clark’s payout ratio is presently 63.29%.

Insiders Place Their Bets

In related news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the completion of the transaction, the vice president now directly owns 5,053 shares in the company, valued at $702,417.53. The trade was a 37.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.62% of the company’s stock.

About Kimberly-Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.